SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KRX:005930), a leading global electronics company, has announced the upcoming listing of its global depositary receipts (GDRs) on the London Stock Exchange (LON:LSEG)’s main market. The Financial Conduct Authority (FCA) has approved the company’s prospectus, with the admission expected to take place on or about February 13, 2025.
The move will see Samsung’s GDRs, which represent the company’s non-voting preference shares, delisted from the Luxembourg Stock Exchange. The shift is concurrent with the new listing in London, marking a significant transition for the company’s presence in European capital markets.
Samsung’s GDRs are instruments allowing investors to hold shares in the equity of Samsung Electronics (KS:005930). This listing will enable a broader investor base to gain exposure to the company’s performance without the complexities of directly purchasing shares on its home market in Korea.
The prospectus, which provides detailed information on the GDRs and the terms of the admission, is available for public inspection. It can be accessed through the National Storage Mechanism of the FCA and on Samsung’s official investor relations website.
This strategic move aligns with Samsung’s efforts to diversify its investor base and enhance the liquidity of its shares. The transition to the London Stock Exchange’s main market is a testament to the company’s global reach and its commitment to adhering to international standards of corporate governance and investor relations.
The information regarding this announcement is based on a press release statement provided by Samsung Electronics.
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